Chicago real estate market

Chicago Real Estate Blog

September 12, 2018

The Best Of The Best Chicago Luxury Condos Closed In July

July was another banner month for the latest darling on the Chicago luxury condo market: 9 W Walton. This new construction building has been wooing buyers for the last several months, often among the highest priced sales in the luxury market. In July, 9 W Walton took 3 of the top 5 spots for most […]
September 7, 2018

On the Market: One-of-a-Kind Contemporary Luxury Condo on Penthouse Level in Chicago’s Near North

Sophisticated, contemporary and carefully curated, this 3 bedroom, 3.5 bath unit at The Fordham is a paradigm of modern luxury living for the discerning modernist. The 3,700 square foot penthouse-level condo was renovated and designed to showcase its pure modern aesthetic, its 180 degrees of sweeping views and lengthy list of extraordinary features. Address: 25 […]
July 31, 2018

Chicago Luxury Condo Sales Were Awesome In June

June continued to show strength in Chicago’s ultra-luxury condo market, with 13 sales topping $2 million. And five of those sales were over $5 million, including the most expensive closing of the month—a raw penthouse space atop the Ritz-Carlton Residences. The trend we continue to see among luxury condo sales is that the top sales […]
July 30, 2018

Chicago Luxury Home Sales on a Tear in June

The Chicago luxury home market hasn’t show signs of slowing down, and June was no exception. The month saw 75 closings on luxury single family homes (luxury defined as a closing price of $1 million or higher) for a total sales volume of $128 million. And for the ultra-luxury market (sales prices of at least […]
July 14, 2018

10 Chicago Luxury Homes Sold in May for More than $2 Million

Summer might have just been getting started, but May was one hot market for Chicago luxury real estate. The month saw 81 sales of luxury homes (sold for more than $1 million) for a total sales volume of $120.5 million It’s no surprise that the top three most expensive sales were in Lincoln Park, two […]
July 12, 2018

May Sales Report: An Amazing 14 Chicago Luxury Condos Close for More Than $2 Million

The ultra-luxury market is alive and well this summer, with new construction properties popping up alongside some of the city’s most iconic, established buildings. In May, total sales volume was more than $100 million, with 8 Chicago condos closing at a sales price over $3 million. The most expensive condo sold in May was in […]
May 20, 2018

The Name to Know From Chicago Luxury Condo Sales in April: 9 W Walton

The new construction luxury market is alive and well, as April’s condo sales made clear. Sales were strong last month, with a healthy number of ultra-luxury prices. Eleven properties closed for more than $2.5 million. For the luxury buyer, a high price point of several million is not an issue for the luxury buyer when […]
May 15, 2018

Five Chicago Luxury Homes Sold for More Than $2 Million in March

March was a very interesting month for Chicago luxury real estate, particularly with single-family home sales. The top five sales all fell into the “ultra-luxury” category, selling for more than $2 million each. Time will tell if the surge of ultra-luxury sales is an isolated situation, or if it could be the beginning of a […]
May 4, 2018

New Construction Condos at 9 W Walton Accounted for Nearly Half of the $2M-Plus Closings in March

Looking at each month’s condo sales, we can generally see some common denominators or indicators of what’s to come in Chicago real estate: a trend that buyers are gravitating toward, a hot neighborhood or even negotiating tactics between buyers and sellers. And March’s closings definitely point to something worth watching in Chicago real estate: 9 […]
April 1, 2018

February Closings for Luxury Chicago Condos Were All About Square Footage

Square footage is something I bring up with my clients a lot. Whether you’re moving into the city from the burbs, or are a recent empty nester, buyers are often drawn to the convenience of amenities, services and location of a Chicago downtown luxury condo—but they don’t want to sacrifice space and square footage to […]
December 16, 2016

Ultra-Luxury Homes Still Trending Among Chicago Home Sales in November

It’s not surprising that sales among luxury Chicago homes were down in November, with 32 $1 million-plus homes sold for a total of $50 million. However, we still saw a continuing trend from October, which was sales that favor the buyer, with deals closing at significantly lower prices than the original list price. In November, […]
August 23, 2016

Chicago’s Luxury Home Sales Were Terrific in July, with a $8.3 Million Sale on Howe St

Luxury Chicago homes proved to still be on a tear with sales in July. The month saw 66 luxury ($1 million and up) Chicago homes sold, totaling $109 million in sales volume. Twelve of the high-end homes that sold were even over the $2 million mark, a price tag that is considered ultra-luxury for Chicago […]
August 15, 2016

Updating Your Chicago Luxury Home to Sell Faster and at a Higher Price

Since the real estate market has been especially favorable to sellers as of late, I’m seeing a lot of clients who are deciding to make a change and putting their long-lived-in homes on the market. Some of these homes have been lived in for quite a long time, which means there may be some important […]
January 6, 2016

Chicago Luxury Real Estate Should be Strong In 2016

Welcome back! As we hit 2016 running, I always like to look back at the trends and happenings from the previous year and think about what it all means for the state of Chicago real estate in the year ahead. In the last year we’ve definitely seen consistent strength in the luxury real estate market […]
November 17, 2015

Ultra-Expensive Condos Sell in Chicago’s Hottest Buildings in October

If you look at sales volume, Chicago condo sales were basically flat in October from the month previous, totaling $51 million. But what’s really noteworthy from last month’s condo sales are the ultra-luxury properties—of the 31 properties that sold, 9 sold in excess of $2 million. Not to mention, these sales were found in five […]
October 22, 2015

Lincoln Park Takes The Number One Spot For Chicago Luxury Home Sales

Chicago is a city known for its neighborhoods, and there are certainly a few that stand out. One of those is Lincoln Park, which saw a lot of action in last month’s luxury home sales in Chicago. Lincoln Park is a hub for high-end homes, with several well-known blocks that are renowned for the beautiful […]
April 30, 2015

Larger Lot Sizes Dominate Chicago Luxury Homes Sales for March

Most of my clients, when beginning their search for Chicago luxury real estate, have some sort of wish list in mind. Maybe it’s a particular neighborhood, a certain school, a glamorous closet or enviable outdoor space. There’s another feature that buyers have been stating upfront they are looking for in their luxury home search: a […]
February 23, 2015

Sheldon Salnick, Chicago Luxury Real Estate Specialist, Joins Dreamtown Realty

I’m excited to announce that I’ve recently made the move to a new Chicago real estate firm, Dream Town. Dream Town is focused on not just successfully navigating how the market works today, but how it will work tomorrow. From rethinking the role of the real estate agent, to evaluating and implementing better ways to […]
December 22, 2014

Chilly November Doesn’t Stop Chicago Luxury Home Sales

While last month’s sales numbers certainly showed signs of a seasonal slowdown, sales for luxury homes held relatively steady in November, especially considering the arrival of snow and the start of the holiday season—two things that typically contribute to near radio-silence on the real estate market. But sales didn’t stop entirely, and November saw a […]